AS Tallink Grupp Statistics for October 2022

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AS Tallink Grupp passenger, cargo unit and passenger vehicles numbers for October 2022 were the following:

FINLAND – SWEDEN

October results reflect operations of Turku-Kapellskär and Helsinki-Stockholm routes. The cruise ferry GALAXY stopped operating on the Turku-Stockholm route in September 2022 due to a charter contract.

ESTONIA – FINLAND

October results reflect operations of shuttle services.

ESTONIA – SWEDEN

October results reflect operations of Tallinn-Stockholm and Paldiski-Kapellskär routes. The cargo ship SAILOR underwent maintenance works until October 28, 2022.

Short-term charter agreement

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AS Tallink Grupp and Corporate Travel Management (North) Ltd on behalf of The Scottish Government have signed a short-term time-charter agreement for the vessel Victoria I. The vessel will be used to provide temporary accommodation in Scotland.

The vessel will be chartered from 8 July 2022 for six months with an option to extend the charter for another three months.

Tallink Grupp’s Latest Statistics Reveal Impact of Pandemic

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Tallink’s Q4 and December statistics reveal the total impact of COVID-19 on the company’s annual passenger, vehicle and cargo figures.

  • -61.8% passengers in 2020
  • -82.5% Latvia-Sweden
  • -81.9% Estonia-Sweden
  • -66.1% Finland-Sweden
  • -52.3% Estonia-Finland
  • -36.7% passenger vehicles in 2020

Despite the many challenges during the year, the company transported a total of 359,811 units of cargo during 2020, which is only 5.2% less than during the full year 2019.

Paavo Nõgene, CEO of Tallink Grupp, said commenting on the results, “…. the company has weathered this storm as well as possible… and we are ready to carry on our battle through the storms and are determined to begin the road to recovery in 2021”

PHOTOS OF THE WEEK

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1000 Finns Visited Saaremaa with Tallink Grupp’s Vessel VICTORIA I on a One-Off Special Cruise

The company’s vessel VICTORIA I left Helsinki on Monday night, 27 July, with just slightly over 1000 Finnish passengers on board, ready to discover the Estonian island gem of Saaremaa.

This is the first time Victoria I is visiting Saaremaa and it is the largest vessel by gross tonnage to ever visit the Saaremaa deep harbour, completed in 2006 and located approximately 40 kilometres from the capital of the island, Kuressaare.

Around 30 coaches were waiting for the passengers at the port to transfer passengers to Kuressaare and to take them on various island tours to visit Saaremaa’s famous landmarks, such as Angla windmills, Kuressaare castle and much more.

Commenting on the special cruise, Tallink Grupp’s CEO Paavo Nõgene said: “If the passenger feedback is positive to this kind of trip and there is more demand for Saaremaa cruises, we will be happy to consider offering these cruises also in the future.”

Tallink Grupp To Get State Loan Up To EUR 100 Million

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The Government of the Republic of Estonia today approved the terms of a working capital loan to AS Tallink Grupp. The total amount of the loan limit is EUR 100 million and the loan can be issued in EUR 10-40 million tranches. The interest rate of the three-year maturity loan is 12-month Euribor +2%. The loan must be secured with the assets of the Company’s consolidation group and will be issued by SA KredEx.

The loan still needs to be approved by the Kredex Supervisory Board. This expected on Friday 15 May.

 

Tallink Grupp’s Q1 Shows A Deteriorated Overall Outcome – Freight Is Up

  • Unaudited consolidated revenue EUR 154.9 million (-13.4%)
  • Net loss EUR 30.2 million
  • Unaudited EBITDA EUR -1.3 million (3.8 million in Q1 2019).

The first two months of the year had set the company on a positive trajectory for the year with passenger numbers up in both January and February, by 12.4% and 8% respectively. However, as a state of emergency was declared in Estonia, Latvia and Finland due to the global coronavirus pandemic in mid-March and the company’s home market governments closed borders to stop the spread of the virus, the passenger numbers fell sharply by 59.3% in March and have reduced by 95.9% in April.